32-726 - Arizona Statutes

32-726. Substantial equivalency A. If a provision of this article requires a person to have qualifications that are substantially equivalent to the requirements prescribed by this article, the person must meet the requirements prescribed in subsection B, C, D or E of this section. B. The person must hold a license or certificate to engage in the practice of accounting by a certified public accountant issued by a state whose requirements are determined by the board to be substantially equivalent to those prescribed by subsection C, D, or E of this section. C. The person must meet the requirements for licensure prescribed by section 32-721. D. The person must: 1. Have received a baccalaureate or higher degree from an accredited institution or a college or university maintaining standards comparable to those of an accredited institution consisting of at least one hundred fifty semester hours of education. 2. Have at least twenty-four semester hours in accounting courses and at least eighteen semester hours in related courses. 3. Have passed the uniform certified public accountant examination. 4. Have been employed for at least three years in the practice of accounting. 5. Meet the following character and fitness requirements: (a) Be at least eighteen years of age. (b) Be of good moral character. (c) Not have been engaged in any conduct that would constitute grounds for revocation or suspension of a certificate or other disciplinary action pursuant to section 32-741. E. The person must: 1. Have received a baccalaureate or higher degree from an accredited institution or a college or university maintaining standards comparable to those of an accredited institution. 2. Have at least twenty-four semester hours in accounting courses and at least eighteen semester hours in related courses. 3. Have passed the uniform certified public accountant examination. 4. Have been employed for at least five of the last ten preceding years in the practice of accounting. 5. Meet the following character and fitness requirements: (a) Be at least eighteen years of age. (b) Be of good moral character. (c) Not have been engaged in any conduct that would constitute grounds for revocation or suspension of a certificate or other disciplinary action pursuant to section 32-741. F. If a person is not able to qualify for substantial equivalency pursuant to this section, the board may consider the person substantially equivalent if the person meets the following requirements: 1. Has passed the uniform certified public accountant examination. 2. Has been employed for at least ten of the last fifteen preceding years in the practice of accounting. 3. Is at least eighteen years of age. 4. Is of good moral character. 5. Has not engaged in any conduct that would constitute grounds for revocation or suspension of a certificate or any other disciplinary action pursuant to section 32-741.